Tag: India

Sulphur limit in the fuel oil is reduced to 3.5% The Indian Ministry of Shipping issued a press release as follows:The Following regulations have been made mandatory for the international Shipping:1.Sulphur limit in the fuel oil is reduced to 3.5% from 4.5% applicable from 1st January, 2012.2. Sulphur limit in the fuel oil is reduced to 1% from 1.5% in Emission Control Area (ECA) -applicable since 1st July, 2010.The proposed regulation by International Maritime Organization (IMO) sets a 'Required Energy Efficiency Design Index (EEDI)' value to apply in four phases from 1st January, 2013 to 1st January, 2025.Government has approved ratification of MARPOL Annex VI so as to avail the waiver of the requirements of compliance with the Energy Efficiency Design Index (EEDI). Parties to the MARPOL Annex VI have the option to waive the EEDI requirement on their ships for a maximum of 4.0 to 6.5 years after the entry into force.Ministry of petroleum and Natural Gas has been advised the requirement of the IMO regarding maximum limit of sulphur in fuel oil for ships.This information was given by the Minister of State for Shipping, Shri Mukul Roy in the Lok Sabha today in a written reply to a ...

After the state-run firm failed to carry out statutory surveys India's biggest dredging contractor, Dredging Corp. of India Ltd, or DCI, has lost safety certificates for four of its ships after the state-run firm failed to carry out statutory surveys.The Indian Register of Shipping, or IRS, a firm that verifies ships for sea worthiness, has de-classed the four dredgers, an act that prevents the ships from undertaking work or earning revenue.Dredgers are used to deepen and maintain the channels of ports and harbours."The impact of this is multi-fold," said P.P. Govindachary, a joint general manager (finance) at the Vizag-based DCI. "We will not earn any money from these dredgers during the period they are out of service, besides we will have to spend money on dry-docking."He would not estimate the extent of the potential revenue loss. DCI's revenue in the September quarter fell to Rs.119.4 crore from Rs.128.7 crore a year earlier. Net profit, though, improved to Rs.9.8 crore from Rs.2.89 crore.Statutory surveys are done twice every five years to ensure that ships are maintained as per the requirements of the International Maritime Organization, or IMO, the global maritime regulator. IRS is a member of the International Association of Classification ...

The Government plans to issue a notification imposing restrictions on ships, which are over 25 years India will soon become a party to two conventions of the International Maritime Organisations for having a strong legal framework to claim compensation in case of oil spills, ship wrecks and other accidents in the maritime sector.The country will accede to the Convention on Civil Liability for Bunker Oil Pollution Damage and the Convention for the Control of Harmful Anti-fouling System on ships, said the Union Shipping Minister, Mr G.K. Vasan.The Convention on Civil Liability for Bunker Oil Pollution Damage was adopted to ensure that adequate, prompt, and effective compensation is available to persons who suffer damage caused by oil spills, when carried as fuel in ships' bunkers. The other convention that Mr Vasan referred to prohibits use of harmful chemical compounds in anti-fouling paints used on ships. Mr Vasan's statement while inaugurating an international seminar on Towards Sustainable Shipping follows the recent oil leak from the Panama-flagged sunken cargo vessel, m.v. Rak, spilling over the coast of Mumbai. To commemorate the 100{+t}{+h} anniversary celebrations, the Institute of Chartered Shipbrokers - Madras chapter, organised the seminar on the theme Towards Sustainable Shipping.Legal frameworkMr Vasan ...

Due to the poor market conditions Poor market conditions have forced the State-owned Shipping Corporation of India (SCI) to go slow on its proposed fleet acquisition during the present fiscal. The company plans to restrict its order to six-seven vessels during the present fiscal.Rest of orders - of around 20 vessels - will be placed during the Twelfth Plan (2012-17) period, Mr S. Hajara, Chairman and Managing Director (CMD) of SCI, has said here."We will place orders for additional 6-7 vessels of specific requirements during the year. Rest of the fleet acquisition plan will be executed in the next Plan period," he said.Lean period Mr Hajara was speaking on the sidelines of the Golden Jubilee celebrations of IIM Calcutta. The company previously planned to acquire 62 vessels in the Eleventh Plan (2007-12). Current estimates suggest that the SCI will end up ordering nearly 42 vessels.According to him, the shipping industry was passing through a very lean period due to slack in global trade and oversupply of fleet. Oversupply"Oversupply in the industry is to the tune of 30 per cent in dry bulk and container tonnage and 20-22 per cent in tankers," he said adding that there would be no revival ...

Forming a joint naval task force to fight the menace of piracy in the sea India on Monday pitched for a collective global strategy and a joint naval task force to fight the scourge of piracy, that could also include other powers like the US and China, and pushed for greater trade among countries surrounding the Indian Ocean.'There are number of issues that seem to bother us. Piracy on sea is one of them. It is necessary that all the nations in the region collectively work out a strategy to fight the menace, which cannot be fought by a single country,' External Affairs Minister S.M. Krishna told reporters here Monday.He was speaking a day before the meeting of the 11th council of ministers of the Indian Ocean Rim Association for Regional Cooperation (IOR-ARC), an 18-member body that was set up for promoting greater economic, security and cultural cooperation between these countries.Underlining the growing geo-political importance of the Indian Ocean, Krishna said it was necessary for all the countries in the region to make efforts to understand the dynamics of the situation and inject economic content in the evolving regional body.The meeting will discuss, among other things, forming a joint naval ...

India and Japan to step up Bilateral Military Exercises Maritime security, anti-piracy measures, freedom of navigation and maintaining the security of Sea Lanes of Communication to facilitate unhindered trade by the sea routes-are some of the issues that dominated the India-Japan Defence Ministers' Meeting in Tokyo last week. The delegation level talks, led by the Defence Minister Shri AK Antony and his Japanese counterpart Mr Yasuo Ichikawa, recognized the importance of sea lanes and decided to 'actively pursue consultations and cooperation in the field of maritime security both bilaterally and in association with all other countries in the region'.The Indian delegation included the Defence Secretary Shri Shashi Kant Sharma, the Indian Ambassador to Japan, Shri Aloke Prasad, the Vice Chief of Naval Staff Vice Admiral RK Dhowan and GoC-in-C, Central Command, Lt Gen VK Ahluwalia.Speaking at the meeting, Shri Antony said, Maritime Security challenges are becoming increasingly complex and varied. Shri Antony said India has substantially increased its anti-piracy deployment in the East Arabian Sea since November 2010. He, however, felt that concerted efforts of the world community, under a UN mandate, are necessary to effectively address the problem.Shri Antony said anti piracy efforts need to be supplemented by adoption ...

The ferries used at Gateway of India are poorly maintained, overloaded, and lack necessary safety MTDC officials claim that the Maharashtra Maritime Board is not doing enough to maintain and repair the boats docked near the Gateway of India, which offer rides on the Arabian Sea to commuters.Tourists and travel-junkies, who wish to enjoy the sights and sounds of the Arabian Sea, are all on the same boat: these boats are rocky, poorly maintained, and difficult to mount. The Maharashtra Tourism Development Corporation (MTDC) had raised concerns about the dilapidated condition of the vessels and the lack of basic rescue gear. But according to officials, their complaints have fallen on deaf ears.If the MTDC officials are to be believed, their representatives had informed the Maharashtra Maritime Board (MMB) about the decrepit condition of boats being used to transport people from Gateway of India to various destinations. They had also requested the MMB to rectify the boats to avert any untoward incident. They now claim that no constructive action was taken to address their concerns.On Thursday, 125 tourists, including women and children, were stranded off Elephanta Island for nearly two hours. Their boat broke down mid-sea due to a technical snag. ...

Three more to the same design are currently under construction The first offshore vessel to a Havyard design to be constructed in India has been handed over to owner Shipping Corporation of India (SCI). Three more to the same design are currently under construction.The four ships, to the 841 design by Havyard of Norway, are being built for SCI by Indian shipyard Bharati. The remaining ships are scheduled for delivery by March 2012.The first of the four, SCI-Panna, is the first vessel to a Havyard design that this yard has constructed and it is also the first Havyard-designed supply vessel that SCI has purchased. Herøy-based Havyard designed the 841 as far back as 2007, with the Indian market in mind. SCI-Panna has a bollard pull of 80 tonnes, is 64.8m in length and has deck capacity of 400m2. There is accommodation for a crew of 31.Source: The Motorship

Indian shipping firms eye low asset prices Indian shipping firms are planning to expand their fleet to take advantage of falling vessel prices and a sharp downturn in the global freight markets, industry executives said on Tuesday.India's shipping firms view the difficult economic environment as a buying opportunity, as they expect to see a huge boom in seaborne trade in Asia's third largest economy over the next decade."We will look at expanding our fleet because asset prices are low, but it has to be strategically done," said Yudhishthir Khatau, vice chairman and managing director of oil carrier Varun Shipping , on the sidelines of the India Shipping Summit."With added capacity, we still have to face low freight rates."A flood of new vessels this year has pushed the crude tanker market to unprecedented lows, with average daily earnings falling to negative territory for the first time.A similar situation is expected to hit the dry bulk market over the next few months, as industry experts believe the oversupply of ships will reverse a recent rally.Despite the adverse market conditions, state-run Shipping Corp of India has not received any directive from the government to stop acquiring vessels, a top official said.Shipping Corp of ...

To build a liquefied natural gas terminal in India Mangalore Refinery and Petrochemicals Ltd. (500109.BY) is in initial talks with three companies including Royal Dutch Shell PLC (RDSA) to build a liquefied natural gas terminal in India, a senior MRPL executive said Tuesday."Several issues like ownership, gas sourcing, investment, the size of the terminal are under discussion," the executive, who didn't wish to be named, told Dow Jones Newswires.GAIL (India) Ltd. (532155.BY) and Petronet LNG Ltd. (532522.BY) are the other companies MRPL is talking to, the executive said.MRPL, a unit of state-run Oil & Natural Gas Corp. (500312.BY), operates a 236,000-barrel-a-day refinery at Mangalore in the southern state of Karnataka. It is looking to invest in an LNG terminal as it seeks cheap gas for its petrochemical plant and refinery."We need 2.8 million standard cubic meters of gas a day, and an investment into an LNG terminal would be the best way to secure supply," the executive said.Shell India declined to comment on the matter while GAIL didn't immediately comment. A Petronet executive, who didn't want to be named, said that "discussions have been held with MRPL for a terminal at Mangalore but there isn't anything concrete."A shortfall in domestic ...